WAF
ActiveWAF has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.83M and a net result of €-26k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 48% of 1025 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency84▲+9
Growth47=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.61 in 2024), but 55.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.9%
Return on assets
-0.4%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
8 d early
2023
4 d early
2022
9 d early
2021
5 d early
2020
8 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€9.99M▲ 3.7%
2019 · €9.64M
2018: €9.78M
2019: €9.64M
2018 → 2020
EBIT margin
2.9%▲ 2.3pp
2019 · 0.6%
2018: 0.5%
2019: 0.6%
2018 → 2020
Net result
€-26k▲ 20.3%
2024 · €-33k
2018: €38k
2019: €44k
2020: €282k
2021: €-98k
2022: €23k
2023: €6k
2024: €-33k
2018 → 2025
Working capital
€2.62M▲ 0.3%
2024 · €2.61M
2018: €2.51M
2019: €2.58M
2020: €2.83M
2021: €2.63M
2022: €2.59M
2023: €2.63M
2024: €2.61M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.86M-€2.89M▲ 0.8%€2.89M▲ 0.2%€2.86M▼ 1.1%€2.83M▼ 0.9%
Operating result€-87k-€36k€34k▼ 5.8%€25k▼ 28.5%€26k▲ 6.5%
Net result€-98k-€23k€6k▼ 73.1%€-33k€-26k▲ 20.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.31M
Fixed assets
€253k▼ 18.7%
Current assets
€6.06M▼ 11.6%
Equity and liabilities €6.31M
Equity
€2.83M▼ 0.9%
Debt
€3.48M▼ 19.3%
The debt ratio falls from 60.1% to 55.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€98k▼
2024 · €110k
Cash flow
€46k▼
2024 · €52k
Solvency
44.9%▲
2024 · 39.9%
Current ratio
1.76▲
2024 · 1.61
Quick ratio
0.85▲
2024 · 0.70
Debt / equity
1.23▼
2024 · 1.51
ROE
-0.9%▲
2024 · -1.1%
ROA
-0.4%▲
2024 · -0.5%
Interest coverage
1.37▼
2024 · 1.39
Debt
€3.48M▼
2024 · €4.31M
Debt ≤ 1 year
€3.44M▼
2024 · €4.25M
Debt > 1 year
€12k▼
2024 · €40k
Income taxes
€7k▲
2024 · €2k
Staff costs
€2.26M▲
2024 · €2.22M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.17M€6.31M▼
Fixed assets21/28€311k€253k▼
Tangible fixed assets22/27€310k€252k▼
Land and buildings22€35k€26k▼
Plant, machinery and equipment23€199k€185k▼
Furniture and vehicles24€57k€24k▼
Other tangible fixed assets26€20k€17k▼
Financial fixed assets28€188€188=
Current assets29/58€6.86M€6.06M▼
Stocks and contracts in progress3€3.90M€3.13M▼
Stocks30/36€1.56M€1.49M▼
Contracts in progress37€2.34M€1.64M▼
Amounts receivable within one year40/41€2.71M€2.51M▼
Trade receivables40€1.92M€1.70M▼
Other amounts receivable41€794k€812k▲
Cash at bank and in hand54/58€223k€407k▲
Deferred charges and accrued income490/1€28k€14k▼
Equity and liabilities
Total equity and liabilities10/49€7.17M€6.31M▼
Equity10/15€2.86M€2.83M▼
Contributions10/11€261k€261k=
Capital10€261k€261k=
Issued capital100€261k€261k=
Reserves13€2.60M€2.57M▼
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€2.55M€2.53M▼
Amounts payable17/49€4.31M€3.48M▼
Amounts payable after more than one year17€40k€12k▼
Financial debts170/4€40k€12k▼
Amounts payable within one year42/48€4.25M€3.44M▼
Current portion of amounts payable after more than one year42€39k€29k▼
Financial debts43€592k€592k=
Credit institutions430/8€592k€592k=
Trade debts44€1.97M€1.31M▼
Suppliers440/4€1.97M€1.31M▼
Advances received on contracts in progress46€170k€0▼
Taxes, remuneration and social security45€480k€433k▼
Taxes450/3€161k€111k▼
Remuneration and social security454/9€318k€322k▲
Other amounts payable47/48€996k€1.07M▲
Accrued charges and deferred income492/3€22k€27k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2.22M€2.26M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€72k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€966▼
Other operating charges640/8€43k€34k▼
Gross operating margin9900€2.37M€2.39M▲
Operating profit (loss)9901€25k€26k▲
Financial income75/76B€23k€26k▲
Recurring financial income75€23k€26k▲
Financial charges65/66B€79k€71k▼
Recurring financial charges65€79k€71k▼
Profit (loss) for the period before taxes9903€-31k€-20k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€-33k€-26k▲
Profit (loss) for the period to be appropriated9905€-33k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-26k▲
Transfer from equity791/2€33k€26k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)908735.735.0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €-98k ▼135%
Net result drops to €-98k, the lowest in the series; recovery starts the following year.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Highest result since 2018net €282k ▲545%
Operating result €294k, net result €282k, both a record.
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1970
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Burchtstraat 2009150 Beveren-Kruibeke-ZwijndrechtGround area
1.3 ha
Building footprint
263 m²
Volume, LiDAR
1,167 m³
Parcel 46013A0083/00Z003, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Burchtstraat 200, 9150 Beveren-Kruibeke-Zwijndrecht
since 19702.005.124.810
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46013A0083/00Z003 | Flanders | 1.3 ha | 1 · 262 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 28,106 EUR awarded · 28,106 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 12,441 EUR | 12,441 EUR |
| 2024 | 2 | 15,665 EUR | 15,665 EUR |
Schemes
Individueel Maatwerk
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 5 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 909 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-06-1970
Fiscal year end30-09
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
29201Manufacture of motor vehicles, trailers and semi-trailers
34201
33110Repair and maintenance of fabricated metal products
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
45204
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.